Indian shares gain after U.S. Senate approves 'fiscal cliff' deal

Last Updated: Tue, Jan 01, 2013 10:10 hrs

MUMBAI, Jan 1 (Reuters) - Indian shares rose on Tuesday, after the U.S. averted the looming 'fiscal cliff' in a last-minute deal, with hopes of a rate cut by the Reserve Bank of India beginning to gather steam, leading to gains in bank shares.

ICICI Bank provisionally rose 1.9 percent, while State Bank of India ended 1.7 percent higher.

The BSE index provisionally gained 0.79 percent, while the 50-share NSE index ended up 0.77 percent.

Most major global markets were closed for the New Year holiday. (Reporting by Abhishek Vishnoi)

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